Some participants in the group of potential Yandex investors entered the capital of the Dutch parent Yandex NV, sources told Forbes. Among them could be the head of Interros, Vladimir Potanin.
Transactions in Yandex NV securities are carried out on the over-the-counter market, since trading of the Dutch company’s shares on the Nasdaq has been suspended since February 28.
According to the interlocutor of the publication, who knows the brokers, in the summer the company’s securities were also sold to Vladimir Potanin by “hostile” holders. These are foreign funds that “realized that they had few possibilities [в этой инвестиции]”
Thus, by mid-December Russian investors could accumulate around 45% of Yandex NV shares, the source is convinced. He also added that the newspapers could have been purchased at a discount.
Another interlocutor of the publication, close to the company, claims that the package that Potanin could collect exceeds the positions of other investors from the Russian Federation who bought securities during the same period.
On December 25, a similar stake acquired in Yandex NV was worth 344 billion rubles, or $3.7 billion at the Central Bank exchange rate.
Now the demand for the Dutch company’s securities still persists, says another interlocutor of the publication close to the brokers. Currently, he says, one large buyer, an EU-based entity, is buying securities in the EU and the United States.
Yandex has been in the process of corporate reorganization since 2022. As Reuters wrote this week, the deadline to complete the process has been moved to the first quarter of 2024.
Author:
Natalia Gormaleva
Source: RB
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